U.S. Dollar Rises

Concerns about Italy’s spending plans sent the euro lower

The U.S. dollar rose Friday as concerns about potential increases in Italy’s budget deficit sent the euro lower.

The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, gained 0.1% to 89.70. The currency rose for a second consecutive quarter, climbing 1.9%, boosting its year-to-date gain to 4.3%. The dollar has gained 3.4% against the euro and 3.7% versus the British pound this year.